The Sensible Guide to Forex

This book is for traders by a trader. Cliff Wachtel has designed a "Bloomberg Visual Guide to Forex Trading" as just that: a guide to Forex trading written the way traders think and execute. Wachtel starts by walking the reader through selecting a trading plan based on evidence that supports the pla [...]
Visa längre beskrivning

This book is for traders by a trader. Cliff Wachtel has designed a "Bloomberg Visual Guide to Forex Trading" as just that: a guide to Forex trading written the way traders think and execute. Wachtel starts by walking the reader through selecting a trading plan based on evidence that supports the plan (the evidence must be there in order for it to work and Wachtel provides benchmarks for selecting evidence). He then provides simple technical analysis tools, along with concrete examples and anecdotes, that show how and when to buy low and sell high. Then, and only then, does Wachtel provide step-by-step mechanics needed to enter and exit a trade and understand leverage and risk. Along the way, Wachtel stresses one important theme: plan and execute high probability trades or, at the very least, avoide big losses. Wachtel also talks about avoiding what he calls unnecessary noise and "mindless trading" via tools like buddy system and twitter. Since the content is intended for individual and retail traders, Wachtel will provide appendices full of additional resources online for trading platforms, discussion forums, and continuing education credits.